The Ministry of Trade, Investment Promotion, Private Sector Development and Consumer Protection negotiated a significant decrease in the retail price of Butane to the public. On Friday, June 20, 2012, the price of butane reduced by $30 per 100 pound cylinder.
In light of a general downward trend in the global market price for natural gas, the Ministry took proactive steps in engaging the suppliers, and it was determined that they were able to pass some of these accumulated savings to the consumers.
The new list for controlled butane prices:
District Imported from Mexico Imported from Central America
Belize $104 $97
Belmopan $106 $99
San Ignacio $106 $99
Benque $107 $100
Orange Walk $105 $98
Corozal $104 $97
Dangriga $108 $101
Punta Gorda $109 $102
As for San Pedro the price for the 100lb cylinder of butane is currently at $135 (at E&L Butane) and $130 (at Gas Tomza). The change of price should be in effect by the end of this week here on the island.
This reduction resulted from a meeting on Thursday, July 19, 2012, between butane suppliers and representative from the Ministry of Trade, Investments, Private Sector Development and Consumer Protection. In light of a general downward trend in the global market price for natural gas, the Ministry took proactive steps in engaging the suppliers, and it was determined that they were able to pass some of these accumulated savings to the consumers.
Other items discussed at the meeting included the new standards to be followed by Butane suppliers that will be implemented via SI by the end of August. These standards will govern many aspects of the Butane industry with a heavy focus on consumer safety and product quality, with the expected result being greater value for money for the consumer. During the meeting, the Ministry further reiterated that butane suppliers must continue to observe the legal requirement for use of weighing scales when selling butane.
The Government of Belize, through the Ministry of Trade, Investment Promotion, Private Sector
Development and Consumer Protection, remains committed to reducing the cost of living to
Belizean consumers and will be engaging in similar meetings with vendors of basic commodities to ensure the best prices and service to the Belizean public.
For more information, please contact:
Belize Bureau of Standards
Phone: (501) 822-0446
or
Ministry of Trade, Investment Promotion, Private Sector Development and Consumer Protection
Phone: (501) 822-0405
